Petronet - Longtrade
Updated
Petronet is consolidating in 23% zone for long time and has formed a double top.
It has taken support at 23% and if breaks top it will give a good breakout.
RSI and STOCH and volumes are giving buy signal.
Long entry at or above 265 with SL at 257 for T1 - 270 T2 - 275 and T3 - 285 (only if 270 is broken on closing basis).
It has taken support at 23% and if breaks top it will give a good breakout.
RSI and STOCH and volumes are giving buy signal.
Long entry at or above 265 with SL at 257 for T1 - 270 T2 - 275 and T3 - 285 (only if 270 is broken on closing basis).
Trade closed: stop reached
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